"The offshoring boom does appear to have largely run its course,"
writes Capital Economics' Paul Ashworth, pointing to the Bureau
of Labor Statistics' data on mass layoffs.

"Offshoring layoffs have fallen sharply relative to both total
layoffs and layoffs due to relocations elsewhere within the US,"
he writes. "This would seem to confirm that offshoring has lost a
lot of its appeal over the past couple of years."